Losing a job is difficult. In many cases it comes unexpectedly. There is usually a period of shock – almost a numbness – followed by a feeling that you need to be doing something, but not exactly sure what that “something” is. I know this feeling because I found myself in this position in 2015.
Many Americans had higher levels of saving in the early stages of COVID. Here’s what to keep in mind as we return to more normal spending in 2022, dubbed the year of making up for lost time.